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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (548213)2/5/2010 1:37:53 PM
From: TimF2 Recommendations  Read Replies (2) of 1575341
 

These deficits are extreme because the situation was extreme.

Not that extreme. These deficits are close to WWII level deficits than anything that's come since (measured compared to the economy, which is reasonable, rather than claiming their "the biggest ever" which is true, in nominal dollars, but an insignificant point). "Two wars" that together with non-war military spending aren't much more than a tenth of the burden (%of GDP again) that WWII was. "Cutting taxes to the rich", with the rich paying more of the tax burden than they did before the cuts (at least until the recession, since less people are rich in income terms now, the tax take from the rich drops).

Times are more difficult than normal, but they aren't some extreme outlier. The projected deficits are extreme.
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